BAThere was a one hour interview onCNBC with Warren Buffet, the secondrichest man who has donated $31 billionto charity. Following are some veryinteresting aspects of his life
BA1.He bought his first share at age 11 and he nowregrets that he started too late!Things were very cheap that timeEncourage your children to invest2.He bought a small farm at age 14 with savingsfrom delivering newspapers.One could have bought many things with little savingsEncourage your children to start some kind ofbusiness
BA3.He still lives in the same small 3-bedroomhouse in mid-town Omaha , that he boughtafter he got married 50 years ago. He saysthat he has everything he needs in thathouse. His house does not have a wall or afence.Dont buy more than what you "really need" andencourage your children to do and think the same
BA4.He drives his own car everywhere and doesnot have a driver or security people aroundhim.You are what you are4.He never travels by private jet, although heowns the worlds largest private jet company.Always think how you can accomplish thingseconomically
BA6.His company, Berkshire Hathaway, owns 63companies. He writes only one letter eachyear to the CEOs of these companies, givingthem goals for the year. He never holdsmeetings or calls them on a regular basis.Assign the right people to the right jobs
BA7.He has given his CEOs only two rules.Rule number 1: do not lose any of your shareholders money.Rule number 2: Do not forget rule number 1.Set goals and make sure people focus on them
BA8.He does not socialize with the high societycrowd. His past time after he gets home isto make himself some pop corn and watchTelevision.Dont try to show off, just be your self and do whatyou enjoy doing8.Warren Buffet does not carry a cell phone,nor has a computer on his desk.
BA9.Bill Gates, the worlds richest man met himfor the first time only 5 years ago. Bill Gatesdid not think he had anything in commonwith Warren Buffet. So he had scheduledhis meeting only for half hour. But whenGates met him, the meeting lasted for tenhours and Bill Gates became a devotee ofWarren Buffet.
BAHis advice to young people:"Stay away from credit cards (bank loans) and investin yourself and Remember:A. Money doesnt create man but it is the man whocreated money.B. Live your life as simple as you are.C. Dont do what others say, just listen them, butdo what you feel good.
BAD. Dont go on brand name; just wear thosethings in which you feel comfortable.E. Dont waste your money on unnecessarythings; just spend on them who really inneed rather.F. After all its your life then why give chanceto others to rule our life."
BA"The HAPPIESTpeople DONOTnecessarily have theBEST of all.They simplyAPPRECIATE whatthey find on theirway”Let us choose the way to live